Categories
Economy

Banks: 27 burdens on taxpayers merged, reduced to 12

In place of fragmented lending capacity with 27 PSBs in 2017, now there will be only 12 State-run banks post-consolidation

Categories
Economy

SBI waives RTGS, NEFT, IMPS charges

SBI is the largest commercial bank in terms of assets, deposits, branches, customers and employees and largest mortgage lender.

Categories
Business

State Bank seeks bid for troubled Jet Airways

State Bank leads the group of lenders that has lent money to Jet Airways and has now taken over the control of the airline

Categories
Economy

SBI closes 4.2 mn accounts for not keeping minimum balance

Indore: The State Bank of India has closed as many as 41.16 lakh savings bank accounts between April and January for not maintaining the minimum monthly balance, reveals an RTI query. The nation’s largest lender had re-introduced the charges for non-maintenance of average monthly balance in April last year after a gap of five years. […]

Categories
Economy

Kolkata will overtake Mumbai as country’s financial hub: Mitra

Delhi:¬†After Mumbai, the country’s next major financial hub will be Kolkata within a few years, West Bengal finance minister Amit Mitra said today. “27 banks are taking land in Bengal to create a financial hub including State Bank of India which is constructing the largest training centre on 11 acres adjacent to the hub,” the […]